Thought leadership

Top bosses pay should be linked to rest of workforce say MPs

Companies should link the pay of top bosses to that of the rest of their workforce, a committee of MPs has said. The Business Select Committee said soaring pay had become a symbol of “corporate greed” and was undermining the reputation of UK business. It also said that over the last decade, the pay of […]

Exit fee crackdown on investment fund supermarkets

Regulators say a ban or cap on exit fees would make it easier for investors to switch investment “platforms” – otherwise known as fund supermarkets. The fees, which can amount to hundreds of pounds, effectively tie investors to one provider, the Financial Conduct Authority (FCA) said. It has proposed a crackdown on these fees so […]

EU Countries behind the global pace on crypto currency

New research commissioned by leading global cryptocurrency company Luno has revealed that nearly half (47%) of European countries are still sceptical about the profitability and safety of cryptocurrencies. Whereas nearly 4 in 5 (79%) of those in emerging markets* outside of Europe are more optimistic about the profitability of cryptocurrencies like Bitcoin and Ethereum. Cryptocurrencies […]

Economy needs more female entrepreneurs says government commissioned report

The UK economy could be given a £250bn boost if women entrepreneurs were given the opportunity to develop new businesses on the same scale as men, a government-commissioned report says on International Women’s Day. It estimates there are 1.1 million “missing” female-run firms and sets out eight ways of boosting the number of female entrepreneurs. […]

Government to change law on orders gagging workers

Workers who sign gagging orders in return for payoffs from their firms will still be able to report wrongdoing to the police under new proposals. The government has said it will bring in legal measures to protect workers from the misuse of non-disclosure agreements (NDAs). It wants to enshrine in law that people cannot be […]

Income gap between richest and poorest starts to widen

Income inequality between the richest and poorest in the UK widened last year, official figures show, as benefits were squeezed but wages rose. The richest fifth of the population saw incomes rise by 4.7%, the Office for National Statistics (ONS) said. The average income of the poorest fifth, in contrast, shrunk by 1.6%. The growing gap […]

Banned airline leaves thousands of passengers stranded

Thousands of passengers have been left stranded after air regulators grounded Turkmenistan Airlines for safety reasons. The UK’s Civil Aviation Authority said flights from Birmingham and London’s Heathrow to Amritsar, and Heathrow to New Delhi – which fly via Ashgabat, Turkmenistan – had been suspended. The CAA acted after the European Aviation Safety Agency suspended […]

Financial watchdog’s pay gap twice national average despite pledge

The Financial Conduct Authority, which regulates the country’s biggest firms, has revealed it pays its male staff a fifth more than its female staff. The watchdog’s median gender pay gap was 21.2% in 2018 – up from 20.9% in 2017 despite a pledge to improve. The average gap across all UK companies last year was […]

2.6 million aim to become their own boss in 2019, research reveals

New research released today reveals that more Brits than ever before want to start their own business in 2018.  The survey of 1,000 working British people, carried out by award-winning cloud accounting software provider FreeAgent, found that 8% intend to start their own business within the year of 2019. With over 32 million people currently […]